31 CFR § 599.305 - Financial institution.

---
identifier: "/us/cfr/t31/s599.305"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 599.305 - Financial institution."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "599.305"
section_name: "Financial institution."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "599"
part_name: "ILLICIT DRUG TRADE SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 21 U.S.C. 2301  31 U.S.C. 321(b); 50 U.S.C. 1601  1701  Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 14059, 86 FR 71549, 3 CFR, 2021 Comp., p. 715."
regulatory_source: "87 FR 77712, Dec. 20, 2022, unless otherwise noted."
cfr_part: "599"
---


# 599.305 Financial institution.

The term *financial institution* includes a depository institution (as defined in section 3(c)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c)(l))), including a branch or agency of a foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978 (12 U.S.C. 3101(7))); a credit union; a securities firm, including a broker or dealer; an insurance company, including an agency or underwriter; and any other company that provides financial services.